Press release
Environmental Sensor Market Worth $13.53 Billion by 2029
[Redding, California - Feb 20, 2022] - Meticulous Research®, a renowned global market research firm, has unveiled a comprehensive research report titled, 'Environmental Sensor Market by Type (Particulate & Gas Sensors, Chemical Sensors, Temperature Sensors, Noise Sensors), Application, End User (Residential, Government & Public Utilities, Commercial, and Industrial)-Global Forecast to 2029.'Download Research PDF @ https://www.meticulousresearch.com/download-sample-report/cp_id=5348
In this groundbreaking report, Meticulous Research® forecasts that the global environmental sensor market is poised to attain a staggering value of $13.53 billion by 2029, boasting a robust Compound Annual Growth Rate (CAGR) of 8% from 2022 to 2029. The volume projections are equally impressive, with the global environmental sensors market expected to reach a substantial 122,800,587 units by 2029, showcasing a remarkable CAGR of 8.4% during the forecast period.
Driving this exponential growth are the escalating installations of environmental monitoring stations, the surging integration of environmental sensors in the industrial sector, and the implementation of stringent environmental regulations aimed at curbing pollution. However, challenges such as lack of awareness and weak pollution control reforms pose obstacles to the market's expansion. Notwithstanding, the report highlights a myriad of growth opportunities fueled by ongoing technological advancements in IoT and cloud-based services, coupled with the increasing adoption of nanotechnology-based environmental monitoring products.
To facilitate a meticulous analysis, Meticulous Research® has meticulously segmented the market based on type (particulate & gas sensors, chemical sensors, pressure sensors, humidity & moisture sensors, temperature sensors, noise sensors, and other sensors), application (smart home automation, factory automation, smart cities, automotive powertrain system, energy harvesting, and other applications), end user (residential, government & public utilities, commercial, and industrial), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The report further delves into competitive landscape assessment and thorough analysis of regional and country-level markets.
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Key Highlights:
Type Insights:
Particulate & gas sensors are expected to dominate the market in 2022, fueled by increasing air pollution levels, demand for air quality monitoring in smart cities, and integration in HVAC systems.
Chemical sensors, in terms of volume, are projected to hold the largest market share, driven by global energy usage, regulatory requirements for monitoring toxins, and applications in the automotive and healthcare industry.
Application Dynamics:
The factory automation segment is anticipated to lead in 2022, driven by the adoption of industry 4.0 and IIoT, government regulations on pollution control, and advancements in industrial sensors.
End User Trends:
The industrial segment is forecasted to claim the largest market share in 2022, attributed to the rising trends in industrial automation, government regulations on pollution monitoring, and rapid industrialization.
Geographical Landscape:
North America is projected to dominate the market in 2022, with key players such as Honeywell International Inc., Emerson Electric Co., and Texas Instruments Incorporated contributing to its revenue share. The heightened environmental awareness and regulatory efforts by the U.S. Environmental Protection Agency (EPA) are expected to drive sensor adoption in the region.
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Key Players:
Leading the charge in the environmental sensors market are Siemens AG, Infineon Technologies AG, Honeywell International Inc., Bosch Sensortec GmbH, Raritan Inc., TE Connectivity Ltd., Texas Instruments Incorporated, Amphenol Corporation, Breeze Technologies, NuWave Sensor Technology Limited, Renesas Electronics Corporation, Aeroqual, ams-OSRAM AG, AVTECH Software, Inc., eLichens, and Emerson Electric Co.
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About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
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